PRWCX vs. SPY
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund (PRWCX) and SPDR S&P 500 ETF (SPY).
PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWCX or SPY.
Correlation
The correlation between PRWCX and SPY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRWCX vs. SPY - Performance Comparison
Key characteristics
PRWCX:
0.79
SPY:
0.54
PRWCX:
1.20
SPY:
0.89
PRWCX:
1.17
SPY:
1.13
PRWCX:
0.94
SPY:
0.58
PRWCX:
4.21
SPY:
2.39
PRWCX:
2.10%
SPY:
4.51%
PRWCX:
11.24%
SPY:
20.07%
PRWCX:
-41.77%
SPY:
-55.19%
PRWCX:
-4.27%
SPY:
-10.54%
Returns By Period
In the year-to-date period, PRWCX achieves a -0.81% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, PRWCX has underperformed SPY with an annualized return of 10.05%, while SPY has yielded a comparatively higher 11.95% annualized return.
PRWCX
-0.81%
-2.55%
-0.76%
8.24%
11.71%
10.05%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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PRWCX vs. SPY - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRWCX vs. SPY — Risk-Adjusted Performance Rank
PRWCX
SPY
PRWCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PRWCX vs. SPY - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 10.46%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 10.46% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% | 10.03% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PRWCX vs. SPY - Drawdown Comparison
The maximum PRWCX drawdown since its inception was -41.77%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRWCX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRWCX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Fund (PRWCX) is 8.15%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that PRWCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.